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Amusements Market 2023 : Industry Insights, Growing Trends And Outlook 2032 | China Sports Lottery, China Welfare Lottery, The Walt Disney Company, Maruhan, Flutter Entertainment plc
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Amusements Global Market Report 2023 identifies extensive use of social media as the major driver for the Amusements market's growth in the forecast period. According to a study conducted by Visa, a cards and payment company, 73% of Asians check in online while on a holiday, and as many as 71% of people share their experiences on social media sites. Social media is the most effective marketing tool for amusement facilities such as casinos and amusement parks to acquire new customers.
The global amusements market grew from $516.21 billion in 2022 to $809.01 billion in 2023 at a compound annual growth rate (CAGR) of 56.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The amusements market is expected to grow to $888.38 billion in 2027 at a CAGR of 2.4%.
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Major competitors in the Amusements market are China Sports Lottery, China Welfare Lottery, The Walt Disney Company, Sociedad Estatal Loterías y Apuestas del Estado S.A., Maruhan, Flutter Entertainment plc, The Hong Kong Jockey Club, Tabcorp Holdings Ltd., Oriental Land Company Ltd., and Penn National Gaming, Inc.
A key trend in the Amusements market includes increasingly using virtual and augmented reality technology. Amusement parks are implementing this technology in rides and theater-based attractions. For instance, Plopsaland De Panne in De Panne, Belgium has a new virtual reality wooden roller coaster called Heidi The Ride, which can reach speeds of more than 43mph. Amusement park SeaWorld has started operating a new Kraken Virtual Reality Roller Coaster in Orlando.
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The Amusements market is segmented -
By Type: Amusement Parks
By Age Group: Below 25 Years, 26 to 39 Years, 40 to 59 Years, 60 to 74 Years
By Visitors' Gender: Male, Female
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Amusements market.
The Business Research Company's "Global Amusements Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Amusements Market Include:
1. Executive Summary
2. Report Structure
3. Amusements Market Characteristics
4. Amusements Market Product Analysis
5. Amusements Market Supply Chain
……
22. Key Mergers And Acquisitions In The Amusements Market
23. Market Background: Defense Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
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